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Co-Insurance — Insurance Glossary | AtlasBrokers
Glossary/Co-Insurance

Co-Insurance

A clause in property insurance requiring the policyholder to insure their property for a specified percentage of its value (typically 80-100%). If the property is underinsured, the policyholder must bear a proportional share of the loss. Also refers to the percentage of costs shared between insurer and insured in health insurance.

Related Terms

CoverageLimit

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Home Insurance in Canada: Complete Guide for Homeowners →Tenant Insurance: Why Renters Need Coverage Too →Home Insurance 101: What Every Canadian Homeowner Should Know →
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